CHF/JPY
CHF JPY
- JPY (-)
- Real time data - Forex
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Forex
Ticker: CHFJPY
ISIN:

CHF/JPY - 1H - Technical analysis published on 12/29/2023 (GMT)

  • 115
  • 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 167.36 JPY
My targets
168.86 JPY (+0.40)
170.45 JPY (+1.99)
My analysis
The bullish trend is currently very strong on CHF/JPY. As long as the price remains above the support at 167.36 JPY, you could try to benefit from the boom. The first bullish objective is located at 168.86 JPY. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 170.45 JPY as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by MikeBMVP. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The CHF/JPY rating is 168.46 JPY. The price has increased by +0.45% since the last closing and was traded between 167.50 JPY and 168.63 JPY over the period. The price is currently at +0.57% from its lowest and -0.10% from its highest.

167.50
168.63
168.46

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 1H of this CHF/JPY chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 166.45 167.36 168.39 168.46 168.86 170.45
Change (%) -1.19% -0.65% -0.04% - +0.24% +1.18%
Change -2.01 -1.10 -0.07 - +0.40 +1.99
Level Major Intermediate Minor - Major Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard165.34166.29166.99167.94168.64169.59170.29
Camarilla167.25167.40167.55167.70167.85168.00168.15
Woodie165.23166.23166.88167.88168.53169.53170.18
Fibonacci166.29166.92167.31167.94168.57168.96169.59


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard165.10165.43165.80166.13166.50166.83167.20
Camarilla165.98166.04166.11166.17166.23166.30166.36
Woodie165.12165.44165.82166.14166.52166.84167.22
Fibonacci165.43165.70165.86166.13166.40166.56166.83


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard161.56163.63166.41168.48171.26173.33176.11
Camarilla167.86168.30168.75169.19169.64170.08170.52
Woodie161.92163.81166.77168.66171.62173.51176.47
Fibonacci163.63165.48166.63168.48170.33171.48173.33

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 62.93
MACD (12,26,9): 0.0500
Directional Movement: 14.09
AROON (14): 71.43
DEMA (21): 167.98
Parabolic SAR (0,02-0,02-0,2): 167.29
Elder Ray (13): 0.45
Super Trend (3,10): 168.66
Zig ZAG (10): 168.46
VORTEX (21): 0.9900
Stochastique (14,3,5): 88.88
TEMA (21): 167.94
Williams %R (14): -15.00
Chande Momentum Oscillator (20): 1.05
Repulse (5,40,3): 0.3400
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.11
MA7: 167.09
MA20: 166.16
MA50: 167.19
MA100: 166.07
MAexp7: 168.04
MAexp20: 167.95
MAexp50: 167.78
MAexp100: 167.35
Price / MA7: +0.82%
Price / MA20: +1.38%
Price / MA50: +0.76%
Price / MA100: +1.44%
Price / MAexp7: +0.25%
Price / MAexp20: +0.30%
Price / MAexp50: +0.41%
Price / MAexp100: +0.66%

Quotes : - Real time data - Forex

News


The last news published on CHF/JPY at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15663
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

Comments

0 comments on the analysis CHF/JPY - 1H